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Police believe debt problems may have caused businesswoman’s disappearance

A woman who went missing in Scotland over two months ago is believed to have racked up huge levels of debt and police believe this may be the key to her disappearance.

Lynda Spence has not been seen since April 14th, after telling her friends and family that she planned on going to London but police have now gone public with their concerns for the woman’s safety, as they fear she could have been harmed by someone she owes money to.

Ms Spence had working in financial services for some time and specialised in obtaining mortgages and investment products for customers. She had set up a number of companies over the years, the last one being Fraser Developments, based in Glasgow.

However, the enterprises were not always quite as successful as Ms Spence would have hoped and police described how she had ‘substantial six figure debt’ as a result of her business activities. The Major Investigation Team at Strathclyde Police are dealing with the case and believe that the huge sums of money Ms Spence owed are at the heart of her disappearance, but at the moment are unsure whether she has gone underground to try and avoid her creditors or whether she has come to serious harm at their hands.

Ms Spence has also been known by three other surnames in the past, despite never having married and police have admitted that prior to vanishing, some of her activities had already alerted the police. The police have said that the individuals Ms Spence owes money to had a history with the police force and ‘could be dangerous’ if they were not repaid.

A press conference took place on Wednesday with Ms Spence’s parents begging their daughter to get in touch if she is able and appealing for any news from witnesses of her whereabouts.

If you have debt problems, speak to Baines & Ernst.

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